$650,000 for Sale
1814 schaefer street, saginaw, MI 48602
| Beds 3 | Baths 1 | 1,619 Sqft | 0.17 Acres |
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1 of 8 |
Property Description
Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10,128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)
General Information
Sale Price: $650,000
Price/SqFt: $401
Status: Active
MLS#: 50152572
City: saginaw
Post Office: saginaw
Schools: saginaw city school district
County: Saginaw
Subdivision: penoyer farm
Acres: 0.17
Lot Dimensions: 7200
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,619 sq.ft.
Acreage: 0.17 est.
Year Built: 1870
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 7x9
Bedroom 2 : 8x10
Bedroom 3: 10x8
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Garage: 2
Garage Description: Detached Garage
Exterior: Vinyl Siding
Fireplaces: Yes
Fireplace Description: LivRoom Fireplace
Basement: Yes
Foundation : Basement
Heating: Floor Furnace
Fuel: Natural Gas
Waste: Public At Street
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $2,280
Est. Winter Taxes: $273
HOA fees:
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Listing By: Javonny Vega of KW Platinum, Phone: 586-949-0200
